The gaming industry has been experiencing a wave of layoffs, and Embracer has been hit particularly hard. In an interview with Game Informer, interim chief strategy officer Phil Rogers spoke a bit about why the layoffs have been occurring and the effect they have had. Rogers explains that the business is in a period of …
Back in 2021, a PlayStation showcase announced that Aspyr was developing the often-rumored remake of Star Wars: Knights Of The Old Republic. Sadly, that was pretty much the last positive piece of news we got out of that project — up until now. In 2022, we learned that parent company Embracer Group had dropped Aspyr …
As initially reported by IGN, Embracer CEO Lars Wingefors commented during a financial presentation that he has no comment on the state of the Star Wars: Knights of the Old Republic remake. He also states, “Anything I say to this becomes a headline.” Yes, sir. Yes, sir, it will. A remake of the classic 2003 …
2023 has been an utterly miserable time to be working in the video game industry. Announcements of layoffs from some of the biggest names around have been dominating news sections lately. While we already knew Embracer Group was one of them, we now know the figures. In the most recent sales report from the Crystal …
Embracer Group AB, one of Europe’s biggest gaming firms, ramped up its acquisition pace after striking deals for six companies including the intellectual property rights for The Lord of the Rings Trilogy and The Hobbit. “Gaming is the best way to monetize IPs in the long term but not necessarily the most efficient way to create new …
Star Wars: Knights of the Old Republic remake is changing studios. According to a Bloomberg report, the hotly-anticipated role-playing game will now be developed by Saber Interactive’s Eastern European studio. Late last month, production on the title was reportedly paused until further notice, leading to two top employees at Aspyr Media getting fired. Embracer Group, …
Borderlands developer Gearbox is reportedly up for sale by parent company Embracer Group. As per Reuters, the Swedish conglomerate is looking to restructure following a $2 billion (about Rs. 16,586 crore) deal with Saudi Arabia government-funded Savvy Games Group that fell through, earlier this year. The fallout resulted in the former cutting down on spending, …
A new Deus Ex game is reportedly in “very very early” stages of development. As per Bloomberg reporter Jason Schreier, studio Eidos-Montréal is currently working on a new Deus Ex title, alongside a distinct IP. The news comes in the wake of Embracer Group shutting down Onoma — formerly Square Enix Montréal — which it …
Embracer Group is currently working on the development of five Lord of the Rings games, according to their latest financial report. These games are expected to be released within the next two years, specifically during the upcoming financial year from April 1, 2023, to March 31, 2024. In August, Embracer Group acquired the rights to …